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56. Kirzner points out that modern Austrian economics departs from standard neoclassical economics (the analytical core of which is the Arrow-Debreau general equilibrium model) on

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56. Kirzner points out that modern Austrian economics departs from standard neoclassical economics (the analytical core of which is the Arrow-Debreau general equilibrium model) on fundamental grounds including which positions: a. The lack of relevance of neoclassical models which assume that markets can be viewed as being always in equilibrium and that provide no plausible explanation of how equilibrating tendencies might be set into motion. b. The essential role played by homo economicus in Austrian school analysis c. The excessive reliance on mathematics in neoclassical analysis d. All of the above

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